The opening inventory at retail for the Intimate department is $395,000. Purchases for the month are $37,500,

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The opening inventory at retail for the Intimate department is $395,000. Purchases for the month are $37,500, returns to vendors were $9,200, transfers out to the outlet store were $990, and employee discounts were $550. Sales were $50,000.

What is the closing book inventory for the month?

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Core Concepts Of Accounting Information Systems

ISBN: 9780470507025

11th Edition

Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman

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Posted Date: Mar 25, 2024 01:59 PM

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The opening inventory at retail for the Intimate department is $395,000. Purchases for the month are $37,500,

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Core Concepts Of Accounting Information Systems

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